Northstar Healthcare Income REIT Loses Value | May Recover Investment Losses
Northstar Healthcare Income, Inc. has suspended its monthly distributions and has not paid a dividend since February 2019. Goodman & Nekvasil, P.A. Has filed claims against brokerage firms who sold Northstar Healthcare Income REIT.
Northstar Healthcare Income REIT is a public, non-traded REIT that was formed to originate, acquire and asset manage equity and debt investments in healthcare real estate. SEC filings indicate that Northstar Healthcare Income REIT has suspended distributions. Non-traded REITs are risky and complicated investments.
Recover Losses on Northstar Healthcare Income REIT
Northstar Healthcare Income, Inc. Has Steadily Declined In Net Asset Value (NAV)
The Initial Net Asset Value (NAV) Per Share has Plummeted By Almost 70%.
In December 2018, the Board of Directors of the Northstar Healthcare Income, Inc. non-traded REIT announced that the net asset value of its shares was $7.10. As of June 30, 2019, the Net Asset Value for Northstar Healthcare Income, Inc. fell to $6.25 per share. The SEC form 10-Q for the quarterly period ended September 30, 2021 reported that the board of directors approved net asset value of 3.91 per share.
Northstar Healthcare Income, Inc. Announces Resignation of Chief Financial Officer and Chairman of the Board of Directors
According to the most recent SEC form 8-K, the Chief Financial Officer and Treasurer of NorthStar Healthcare resigned on February 28, 2022. The Chairman of the Board of Directors also resigned from NorthStar Healthcare Income, Inc.
Non-traded REITs like Northstar Healthcare Income REIT are Risky and Complicated
Non-traded REITs are risky and complicated investments. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as Northstar Healthcare.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold Northstar Healthcare and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for almost 40 years. Goodman & Nekvasil, P.A. has recovered more than $250 million on behalf of victimized investors. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment in Northstar Healthcare Income REIT and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.